From tomorrow, The Mortgage Works is reducing rates by up to 0.30% across selected buy-to-let products for new customers with rates starting from 3.24%.

The lowest rates is for a two-year fixed rate at 65% LTV, down to 3.24% with a 3% fee, available for purchase and remortgage.

In the lender’s remortgage only range, two-year fixed rates at 65% LTV have reduced by 20bps to 3.54% with a 3% fee and by 30bps to 4.84% with no fee.

Joe Avarne, senior manager at The Mortgage Works, said: “With rates starting from 3.24% these latest reductions from The Mortgage Works will help widen market access for buy-to-let investors.”